GGE 14.3% 0.4¢ grand gulf energy limited

Ann: Quarterly Activities and Cashflow Report, page-20

  1. 7,877 Posts.
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    yes , I prefer to back myself and not diversify too much. things I like about GGE
    - cashflow positive after all expenses pretty much each qtr depending on exploration or new ground acquisitions - current market cap $2m ! she'll
    companies trade for that
    - long term reserves through Desiree and when they move to Cris 2 sands we can expect possibly 2 years at 400 bopd. this may only be 6 months away
    - Chairman bought on market 15million at 0.005
    - bought into eagle ford. once they farm out a share things will get interesting. especially when they start drilling
    - mgt costs are well controlled
    - everyone is disillusioned with the company rather than it being hyped up. that may come in time.
    - oil price may spike to much higher levels
    - new mgt have a lot of shares in GGE and are looking to start getting a return (case in point with WBE at the moment). I suspect more to come.

    GL and welcome back !
 
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Mkt cap ! $9.380M
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